Oconomowoc-based First Bank Financial Centre (FBFC) has entered into a definitive agreement to acquire the retail banking branches of Equitable Bank SSB located in Mequon and Brookfield and the deposits associated with those branches, totaling approximately $53.7 million.
The transaction is expected to close during the second quarter of 2012 and is subject to regulatory approval and other customary closing conditions.
First Bank Financial Centre is a community bank that has approximately $713 million in assets, $565 million in deposits, with eight branches and nearly 200 employees providing financial services to individuals, families and businesses throughout southeastern Wisconsin.
With the Equitable Bank branch acquisitions and a new branch opening in Grafton, First Bank Financial will have 11 branches.
